Property News · July 18, 2018

Economic gap between Singapore, Malaysia shrinking


After trailing for three consecutive years, Malaysia is finally catching up with its neighbour to regain its lead over Singapore’s economy, reported Bloomberg.
Based on World Bank data, Malaysia’s gross domestic product stood at $314.5 billion last year, down $9.4 billion from Singapore’s $323.9 billion.
The deficit is, however, expected to shrink given the bright forecasts for Malaysia’s economy.
Median estimates of economists surveyed by Bloomberg showed that Malaysia’s economy will expand by around 5.5 percent this year compared to the 3.1 percent increase expected for Singapore.
 
Senior Content Producer, Christopher Chitty, edited this story

Source : proppertyguru.com.sg/Property Market
Read more…Economic gap between Singapore, Malaysia shrinking

You may also like...